California Resources (CRC) VP reports 21,652-share initial stake

Rhea-AI Filing Summary

California Resources Corp executive Michael S. Helm, VP Finance & Controller, filed an initial ownership report showing 21,652 shares of common stock held directly. This total includes restricted stock units (RSUs): 4,956 RSUs vesting on March 1, 2027; 2,712 RSUs vesting on March 1, 2028; and 2,804 RSUs vesting in three equal installments on March 2, 2027, 2028 and 2029. Each RSU converts into one share of common stock upon vesting.

SEC Form 3

FORM 3

UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

INITIAL STATEMENT OF BENEFICIAL OWNERSHIP OF SECURITIES

Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934
or Section 30(h) of the Investment Company Act of 1940

OMB APPROVAL

OMB Number:			3235-0104
Estimated average burden
hours per response:			0.5

1. Name and Address of Reporting Person^*

Helm Michael S.

(Last) (First) (Middle)

1 WORLD TRADE CENTER, SUITE 1500

(Street)

LONG BEACH CALIFORNIA 90831

(City) (State) (Zip)

UNITED STATES

(Country)

2. Date of Event Requiring Statement (Month/Day/Year)
03/16/2026

3. Issuer Name and Ticker or Trading Symbol
California Resources Corp [ CRC ]

3a. Foreign Trading Symbol

5. If Amendment, Date of Original Filed (Month/Day/Year)

4. Relationship of Reporting Person(s) to Issuer
(Check all applicable)

	Director		10% Owner
X	Officer (give title below)		Other (specify below)
	VP Finance & Controller

6. Individual or Joint/Group Filing (Check Applicable Line)

X	Form filed by One Reporting Person
	Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Beneficially Owned
1. Title of Security (Instr. 4)	2. Amount of Securities Beneficially Owned (Instr. 4)	3. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	4. Nature of Indirect Beneficial Ownership (Instr. 5)
Common Stock	21,652(1)	D

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivative Security (Instr. 4)	2. Date Exercisable and Expiration Date (Month/Day/Year)		3. Title and Amount of Securities Underlying Derivative Security (Instr. 4)		4. Conversion or Exercise Price of Derivative Security	5. Ownership Form: Direct (D) or Indirect (I) (Instr. 5)	6. Nature of Indirect Beneficial Ownership (Instr. 5)
	Date Exercisable	Expiration Date	Title	Amount or Number of Shares

Explanation of Responses:

1. Includes (i) 4,956 restricted stock units ("RSUs") that will vest on March 1, 2027; (ii) 2,712 RSUs that will vest on March 1, 2028; and (iii) 2,804 RSUs that will vest in three equal installments on each of March 2, 2027, 2028 and 2029. Each RSU represents a contingent right to receive one share of common stock.

Remarks:

	/s/ Ulrik Damborg, Attorney-in-Fact for Michael S. Helm	03/19/2026
	** Signature of Reporting Person	Date
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly.
* If the form is filed by more than one reporting person, see Instruction 5 (b)(v).
** Intentional misstatements or omissions of facts constitute Federal Criminal Violations See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a).
Note: File three copies of this Form, one of which must be manually signed. If space is insufficient, see Instruction 6 for procedure.
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB Number.
* Form 3: SEC 1473 (03-26)

FAQ

What does the Form 3 filing by CRC executive Michael S. Helm report?

The Form 3 reports Michael S. Helm’s initial ownership in California Resources Corp, showing 21,652 common shares held directly, including several tranches of restricted stock units (RSUs) that will vest over time into additional common shares.

How many California Resources Corp (CRC) shares does Michael S. Helm beneficially own?

Michael S. Helm beneficially owns 21,652 shares of CRC common stock. This figure includes time-based restricted stock units that convert into one share each as they vest on specified future dates through 2029.

What RSU grants are disclosed for CRC executive Michael S. Helm in this Form 3?

The filing discloses 4,956 RSUs vesting on March 1, 2027, 2,712 RSUs vesting on March 1, 2028, and 2,804 RSUs vesting in three equal installments on March 2, 2027, 2028 and 2029, each delivering one CRC share at vesting.

What role does Michael S. Helm hold at California Resources Corp (CRC)?

Michael S. Helm serves as Vice President, Finance & Controller at California Resources Corp. The Form 3 reflects his initial report of beneficial ownership as an officer subject to Section 16 insider reporting requirements for CRC common stock.

Do the RSUs in Michael S. Helm’s CRC Form 3 represent immediate share ownership?

The RSUs represent a contingent right to receive CRC shares, not immediate stock. Each RSU converts into one share of common stock only when it vests on its scheduled future vesting dates, as detailed in the filing footnote.